Bitcoin is the ‘cleanest shirt in the dirty laundry’ — Bitfinex
Bitcoin has demonstrated resilience against broader financial market trends amid macroeconomic uncertainty, but analysts caution that its strength is not yet confirmed as structural. Bitfinex analysts noted that while Bitcoin's relative strength against US equities appears genuine, it has previously experienced temporary outperformance. Bitcoin's price increased by 7.68% over the past 30 days, contrasting with declines in the S&P 500 and Nasdaq. Spot Bitcoin ETF inflows reached $913 million on April 22, the highest since January, reinforcing Bitcoin's status as a strong store of value, with dominance rising to 64.39%. Analysts are monitoring the upcoming Consumer Price Index (CPI) data for potential impacts on Bitcoin's performance. Concerns remain regarding the sustainability of the current rally, particularly due to low stablecoin minting activity.
